32, LANCASTER DRIVE, PADIHAM, BURNLEY, BB12 7DP - £58,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

32 LANCASTER DRIVE is a very small terraced house of 81m², built sometime between 1976 and 1982, which could now be worth an estimated £107,019. It was last sold for £58,000 in August 2015, which was around 3% below the average August 2015 terraced price in the Burnley local authority area. The most recent EPC inspection was November 2012, where the current energy rating was C, and the potential energy rating was B.

32 LANCASTER DRIVE Sold Prices

Land registry data shows two sales for 32 LANCASTER DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Burnley local authority area for the corresponding sale date. Both of the two 32 LANCASTER DRIVE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 28 AUG	£58,000	£59,785	3% below HPI
2006 28 FEB	£29,760	£62,834	53% below HPI

32 LANCASTER DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Burnley local authority area over time, sourced from the HPI. The two 32 LANCASTER DRIVE sales from February 2006 and August 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2006 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the August 2015 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 32 LANCASTER DRIVE be worth now?

32 LANCASTER DRIVE might now be worth an estimated £107,019.

This is based on house price inflation of 84.5%, between August 2015 and May 2026, for terraced houses, in the Burnley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 84.5% inflationary increase is applied to the most recent sale price for 32 LANCASTER DRIVE of £58,000 on 28th August 2015. For the value to have increased from £58,000 to £107,019 over the eleven years and three months to May 2026, the following assumptions must hold true:

• The value of 32 LANCASTER DRIVE has moved in line with the HPI for terraced houses in the Burnley local authority area.
• The August 2015 sale price of £58,000 represented a fair market value for the property.
• The size, condition, and specification of 32 LANCASTER DRIVE has not materially changed since August 2015.

How Large is 32 LANCASTER DRIVE?

32 LANCASTER DRIVE is 81m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 20% of terraced houses houses in Padiham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Padiham, and where 32 LANCASTER DRIVE lies on this distribution: 15% of terraced houses houses are smaller than 32 LANCASTER DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Padiham.

32 LANCASTER DRIVE: Plot and Title Map

32 LANCASTER DRIVE sits on a plot of roughly 0.034 of an acre, or 136m². The below map shows the location of 32 LANCASTER DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 32 LANCASTER DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 32 LANCASTER DRIVE?

32 LANCASTER DRIVE is located in PADIHAM, in the BB12 postcode district. The below map shows the position of No. 32 on LANCASTER DRIVE.